MUSKEGON ROTARY FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1957

Legal Domicile

Principal Officer

KRISTI NAGENGAST

Phone

2487636592

Tax Period

2024-07-01 to 2025-06-30

MUSKEGON ROTARY FOUNDATION, founded in 1957, is a small nonprofit that reported $184K in total revenue in fiscal year 2024. The organization ran a surplus of $72K, a strong 39% operating margin.

Mission

BUSINESS AND PROFESSIONAL PERSONS UNITED IN THE IDEAL OF SERVICE TO THE COMMUNITY AND ITS CITIZENS

Program Service Accomplishments

Program 1

Expenses: $92,257

AWARD GRANTS TO CHARITABLE AND COMMUNITY ORGANIZATIONS FOR THE BETTERMENT OF CITIZENS OF MUSKEGON COUNTY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $56,807

Program Service Revenue $0

Investment Income $69,428

Other Revenue $57,267

TOTAL REVENUE $183,502

Expense Breakdown

Grants Paid $15,444

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,257

Other Expenses $96,384

TOTAL EXPENSES $111,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$183,502	$172,971	+0.1%
Expenses	$111,828	$111,704	+0.0%
Net Income	$71,674	$61,267	+0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

250

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✓ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIRGINIA SPRAGUE	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
JANE CLINGMAN-SCOTT	SECRETARY	3.00	Officer Director	$0	$0	$0
TIMOTHY D ARTER	PRESIDENT	6.00	Officer Director	$0	$0	$0
DAVID ALEXANDER	PRESIDENT-EL	3.00	Officer Director	$0	$0	$0
ROGER MORGENSTERN	PRESIDENT-NO	3.00	Officer Director	$0	$0	$0
KRISTI NAGENGAST	TREASURER	5.00	Officer Director	$0	$0	$0
LISA TYLER	DIRECTOR	2.00	Director	$0	$0	$0
BRANDON TURNBULL	DIRECTOR	2.00	Director	$0	$0	$0
TOM PALMER	DIRECTOR	2.00	Director	$0	$0	$0
MARTY SYTSEMA	DIRECTOR	2.00	Director	$0	$0	$0
AARON MAIKE	DIRECTOR	2.00	Director	$0	$0	$0
ESTHER RICCO	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$183,502	$111,828	$697,836	$71,674
2024	$172,971	$111,704	$647,348	$61,267
2023	$144,371	$120,915	$661,096	$23,456
2022	$-17,715	$97,781	$632,752	$-115,496
2021	$234,132	$146,963	$724,692	$87,169
2020	$168,899	$150,555	$633,346	$18,344
2019	$170,884	$150,345	$620,456	$20,539
2018	$117,590	$122,716	$605,932	$-5,126